Sure skeptics may say stocks are ahead of themselves especially with the Dow Jones Industrial Average flirting with an all time high. Jim Cramer, however, thinks value remains in the market – and a lot of value at that.

First the Mad Money host pointed to Warren Buffett who called stocks a 'good value' even at current levels. "Here's the world's greatest investor telling you how stocks make so much sense," Cramer said emphatically.

And not only does Buffett see value in stocks broadly, he thinks Heniz presents such a value, he's buying the company.

And "If we get a chance to buy another Heinz, we will do that," Buffett said to CNBC.

On Monday Hess announced plans to quit the retail gasoline business and instead focus on exploration and production. The company, with a market capitalization of about $23 billion, also said it would buy back up to $4 billion of its stock and increase its annual dividend to $1 from 40 cents, beginning July.

Or how about Yahoo! "I have become a huge fan of what Marissa Mayer is doing at Yahoo!, nothing but a wholesale remake of their culture while bringing out huge amounts of value," Cramer added.

Since Mayer has taken the helm, shares of Yahoo! have marched sharply higher. Again value.

All told, Cramer said the market is bringing out value in a myriad of ways and it's reasonably to believe that trend should drive stock prices further.

"With so many people, including the great Warren Buffett finding opportunity in the market," said Cramer, it would be a mistake to become preoccupied with the headwinds. "It isn't just that American stocks represent the best values on earth it's that American business keeps bringing out those values."